View more on these topics

Helpful distortion

It appears that among the reasons given by the FSA to abandon

polarisation is that it is a major market distortion. This does not

constitute a reason for change.

In a free market, the powerful and well informed exploit the weakness

and ignorance of those with whom they deal. Before 1986, financial

consumers, who largely exhibit the latter qualities, had no

protection against providers and intermediaries. The whole point in

financial regulation was to tilt the market in their favour.

I suggest that financial regulation is without point unless it

produces a major market distortion.

CB Russell Proprietor,Russell Harman & Co,Chalfont St Giles,Bucks


Principality Building Society 3 year fixed

Fixed term: until 31/03/05Fixed rate: 5.39%Minimum loan: £5,000 Maximum loan: Up to 95% of valuation for loans of up to £175,000, upto 90% of valuation for loans of up to £200,000 Income multiples: 3.5 times principal income plus 2.5 times jointRedemption fee: 2% of balance until 31/03/05Arrangement fee: noneConditions: up to 95% LTV, daily interest, […]

Scarborough Building Society – Bonus 75 Day Bond Issue Three

Thursday, January 31, 2002.Type: High interest account.Minimum-maximum investment: £5,000-£250,000.Interest rates: 4.45 per cent a month.Term: 15 months.Offer period: Until April 30, 2002.Withdrawal penalties: 60 days&#39 interest on amount withdrawn.Tel: 0845 4584458.

Big Labour majority on annuity committee will kill bill

The cross-party committee of MPs has been named to considerConservative MP David Curry&#39s private member annuity reform bill nextweek.MPs will debate the bill line by line and raise amendments but theGovernment is expected to use its majority on the committee to killthe bill by dragging out the debate. Labour has 10 members. theTories four and […]

Genesis Home Loans discount mortgage

Discounted term: until 06/2003Discount: 1.6% Payable rate: 6.775%Minimum loan: £25,001Maximum loan: £200,000 Income multiples: 3.5 times principal income plus 3 times jointArrangement fee: £395Redemption fee: 6% in 1st and 2ndyear, 5% in 3rd year, then 1 month notice or 1%amount redeemedConditions: remortgage only, self-cert, CCJ&#39s max £3000 perapplicant Introducer&#39s fee: 1.5%, min £650 max £7500Tel: […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm